New Delhi: Jumps Auto Industries, a global automotive component manufacturer, has received an INR 12 crore investment from Aavishkaar Capital and KfW’s ESG First Fund.
Aavishkaar Capital’s ESG First Fund, worth $250 million, invests in Asia and Africa, aiming to improve ESG outcomes, financial returns, and social impact in global supply chains.
Jumps Auto Industries, founded in 1990, is a leading manufacturer and exporter of starter motors, alternators, and dynamo generators, with a global presence across 50 countries. Jump Auto Industries (JAI) is advancing towards a sustainable future, fueled by a capital infusion, in line with the increasing global demand for eco-conscious automotive solutions.
Jump Auto Industries promoter Sanjay Malhotra said Jump Auto Industries has secured funding from Aavishkaar Capital’s ESG First Fund, enabling the company to execute strategic plans for global growth, product expansion, and EV strengthening.
“We are excited to invest in Jumps Auto Industries and support them in their next phase of growth while elevating their Environmental, Social, and Governance (ESG) practices,” said Monu Jain, Partner-Credit, ESG First Fund, Aavishkaar Capital.
Aavishkaar Capital is excited to launch the ESG First Fund into structured credit products, and we look forward to providing businesses with non-dilutive and flexible financial solutions that are better aligned with their growth needs, she added.